New Zealand: Public consultation on digitizing the tax system
Consultation document sets out a framework for considering policy changes on digitizing the tax system
Consultation document sets out a framework for considering policy changes
Inland Revenue recently released a consultation document requesting feedback on possible policy changes to support a more digital tax system.
The consultation document sets out a framework for considering policy changes and considers what the shift to digital could mean for taxpayers, external parties and intermediaries (including tax advisors), and Inland Revenue.
Feedback is requested by 31 March 2022, and specific areas for requested feedback include:
- The regulatory framework applying to external parties, including intermediaries and other entities which interact with the tax and payments system
- The rules, frameworks, and scope of data sharing
- How tax legislation could support a more digital future
Read a February 2022 report prepared by the KPMG member firm in New Zealand
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